More Investors Bet Inflation Is Here To Stay Amid Disappointing Price Data
More investors are projecting a “no landing” scenario where inflation remains elevated but economic growth continues at its current levels following a disappointing inflation report on Tuesday, according to Reuters. Nearly one out of five fund managers polled by Bank of America predicted a “no landing” scenario as the most likely outcome in the next […]
White House Dropped Key Venezuelan Sanctions After Pressure From Wall Street Power Players: REPORT
Wall Street investors pressured the Biden administration into dropping certain sanctions against Venezuela, ultimately resulting in a major payday for the investors, The Wall Street Journal reported Tuesday. The Biden administration dropped a series of sanctions against Venezuela in October in exchange for several concessions, including the country holding free and fair elections, and warned […]
Alaska Air flight attendants authorize strike for first time in three decades
Travel expert Mark Murphy joins Kabuto: Coast to Coast to break down the timeline of the Boeing 737 Max crisis and its impact on the travel industry. Union member flight attendants Alaska Airlines voted Tuesday to authorize potential strike for the first time in 30 years as thousands of flight attendants from three unions picket […]
Boeing to stabilize 737 production later this year, exec says
Aviation expert Peter Rehm discussed reports on the Evening Edit that an Alaska Airlines jet was missing several bolts when it left a Boeing factory. Aerospace giant Boeing plans to stabilize production of 737 jetliners at a pace of 38 jets per month in the second half of this year, after the manufacturer slowed production […]
Biden Admin Keeps Softening TikTok Stance As Company’s Influence Campaign Grows
President Joe Biden’s reelection campaign announced on Sunday that it had joined TikTok, despite previously deciding against utilizing the platform for campaign messaging. The Biden administration has banned the app completely from federal devices over vocal concerns that it is a national security risk and is being used by Beijing to harvest user data. “Joe […]
Build-A-Bear and Warren Buffett’s ‘Squishmallows’ maker square off in court
Howard Buffett explains how his childhood experiences influenced him to become a philanthropist. A battle for stuffed animals is being fought in court. Squishmallow maker Jazzwares, owned by Warren Buffett’s Berkshire Hathaway, sued rival Bill-A-Bear on Monday, accusing it of plagiarizing its designs. Build-A-Bear fired back with its own lawsuit the same day. Warren Buffett […]
Dow plunge accelerates, on pace for worst day of 2024
Forbes Media CEO Steve Forbes and Public Ventures President Lou Basenise are reacting to the drop in stock prices due to a higher-than-expected rise in the consumer price index. U.S. stocks fell broadly after a better-than-expected inflation report could jeopardize the Federal Reserve’s plans to cut interest rates. The Dow Jones Industrial Average fell more […]
‘Lousy Month’: CNBC Host Breaks Down Where Rising Prices Are Squeezing Americans
CNBC Host Steve Liesman explained on Tuesday that multiple sectors experienced price increases in January, hurting Americans’ pocketbooks. Inflation went down in January year-over-year but exceeded expectations as the consumer price index (CPI), a broad measure of the prices of everyday goods like food and energy, increased 3.1% on an annual basis in January and […]
Corporate America Is Starting To Shy Away From Woke Business As Backlash Mounts
American companies are reversing the multiyear trend of hiring more employees in roles related to environmental, social and corporate governance (ESG) issues in an effort to increase profitability and address investor pushback, according to The Wall Street Journal. U.S. companies shed 3,071 employees with positions related to ESG in December while only adding 2,897, continuing […]
Major Rideshare Platforms Set For Strike On Valentine’s Day
Drivers affiliated with Uber, Lyft, Doordash and other companies that provide on-demand car and food delivery services will go on strike on Wednesday to protest working conditions. The companies in question, known sometimes as “rideshare” platforms, have been strongly criticized by drivers and labor advocates due to their corporate structure, whereby drivers are not employees […]